5885 N. Paramount Blvd. , Long Beach, CA, 90805

Highlights

• 7,200 Sq/Ft Long Beach Green Zone Cultivation Building
• Heavy Power- 800 Amp 3 Phase
• Certificate of Occupancy Issued from City of Long Beach for Cultivation
• Extensively Upgrade in 2018/2019
• Large Gated Yard with Covered Awning
• Zoned LBIG- Cannabis Complaint
• Potential Investment Pro Forma Cap Rate of 8.15% Through Lease-Up. Call Agent for Details.

Description

NAI Capital presents a rare opportunity to acquire a 7,200 sq. ft. building on a 18,030 sq. ft. lot, that is situated within the Green Zone of Long Beach. Previously utilized for cultivation use, this asset provides the convenience of a existing built-out facility previously approved and licensed by the City and State for a cannabis cultivation and nursery business. The property was intensively improved in 2018/2019 with improvements including all new heavy power (800 amp 3 phase), DPS insulated walls, 3 flower rooms, 1 vegroom, 1 mother room, drying room, and utility/watering room. Property amenities also include custom rolling trays, custom walk-in vault safe for product storage, ADA bathroom, security camera system, epoxy floors, reception area, and a private office. Additionally, the asset is situated on a large secured gated lot and has ample parking + a covered awning area in the rear of the building. There is also an upstairs mezzanine area that can be used for storage that is not included in the square footage. Property is zoned LBIG (General Industrial) and can also be used for many traditional businesses as well. (See City website for all permitted uses).

Major Cross Streets is E. South Street and N. Paramount Blvd. Located in North Long Beach, Two Blocks South of the 91 Freeway.

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